Well, he can squeeze another 2B shares until the A/S is maxed out at 5B. What is most concerning to me than the R/S which is a concern at this point in time if the company cannot get anything accomplished is the most recent 8K. Jake is issuing shares at a 70% discount from market price. The closing PPS on 18,19,20,21, & 22 Aug was .0006. The shares were issued on 22 Aug.
On August 22, 2014, Medient Studios, Inc. (the “Company”) issued 253,000,000 shares of its common stock upon conversion of $46,299 in principal on a note issued by the Company on May 5, 2014, at a conversion price of $0.000183.
I'm curious as to just how long it will take Jake to figure out that there is little to no more juice to squeeze.